Directions (Q. 1 - 10) : Read the following passage carefully and answer the questions given below it. Launching his government’s first big ticket social welfare program, the Pradhan Mantri Jan Dhan Yojana, Prime Minister Narendra Modi on Thursday gave a call for eradicating what he termed as “financial untouchability” of the poor by opening at least one bank account for every family in the country in less than six months. This essentially means opening a whopping 7.5 crore bank accounts, the process for which was kick started on Thursday with 1.5 crore accounts — 50 lakh over the intended target on inaugural day. As per government figures, around 10 crore families do not have a bank account.”If crores of Indians are outside the ambit of organized financial services because they do not have a bank account even after 68 years of independence, we call it financial untouchability. Gandhiji ended social untouchability, it is our mission to eradicate this kind of untouchability now to fight poverty,” While the initial aim was to include every beneficiary in the program within one year, the deadline was advanced as Modi, who announced the scheme in his Independence Day speech at Red Fort, expressed his desire for the process to be concluded by the next Republic Day.” The Jan Dhan Yojana provides for a free zero-balance bank account with a debit card, `1 lakh accidental insurance policy and `30,000 free medical insurance cover for those who enroll before January 26, 2015. Depending on the performance of the accounts in the first six months, banks will later extend a `5,000 overdraft facility, thereby turning the debit card into a kind of credit card. The debit card is being issued by RuPay of the National Payments Corporation of India. PM said a mammoth initiative like this would go a long way in granting global acceptance to the RuPay brand, in line with international retail credit giants like Visa and others. In the subsequent phases of the program, the Indian postal department's network will also be roped in to provide banking services in the remote areas. The system will also become a channel for remitting micro pension. “Banks queue up at the houses of the rich to extend loans at cheaper rates. Nothing’s wrong with that. It’s business. But they do not extend the same courtesy to the poor. So the poor take loans from rich money-lenders at five times the market rate. Many poor farmers fail to repay because the loan is so expensive and then some of them commit suicide when all is lost. This is a vicious cycle. This program is the first step towards breaking that cycle."

1. What was the main objective of the Pradhan Mantri Jan Dhan Yojana ?1) Government wants to integrate the poorest of the poor with bank accounts with Pradhan Mantri Jan Dhan Yojana.2) The Scheme intends to accomplish the objective of housing for all.3) It is an ambitious scheme that will provide a host of benefits.4) All of the above 5) None of these

2. Which of the following can be said about the PMJDY ?1) Modi pitched the Jan Dhan Yojana as a tool to freedom from the vicious cycle of indebtedness to money lenders.2) The Jan Dhan Yojana provides for a zero–balance bank account.3) Every account holder will receive a Rupay debit card.4) All of the above 5) None of these

3. Which of the following is not an adverse impacts of PMJDY ?1) The scheme would not only help in taking the benefits of various schemes and program being launched by the centre and state government to the people but it will also help in bringing down corruption.2) It will end financial untouchability.3) It will increase billions of rupees on social spending.4) Only 1 and 2 5) All of the above

4. Which of the following facts is false as per the passage ?1) The PMJDY to provide banking facilities to every household got off to a poor start in HP on Thursday.2) JDY opens account with 1.5 crore users.3) Under the PMJDY, unbanked households are being encouraged to open bank accounts with the offer of free life insurance and personal accident insurance covers.4) All of the above 5) Only 1 and 3

5. Which of the following strengthen the statement about 'PMJDY is first step towards the poor farmers fail to repay the laon' with respect to the passage ?1) Under this scheme to all farmers will be provided a `5000 overdraft facility.2) With a bank account, every farmer gains access to banking and credit facilities.3) Zero balance account will be a source of immense satisfaction for every citizen.4) All of the above 5) None of these

Directions (6–8) : Choose the word which is MOST OPPOSITE in meaning of the word printed in bold as used in the passage-